UEM EDGENTA BERHAD Integrated Annual Report 2025 310 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 10. INCOME TAX EXPENSE (CONTD.) Reconciliation between tax expense and accounting profits A reconciliation of income tax expense and the product of accounting profit multiplied by the applicable corporate tax rate for the years ended 31 December 2025 and 2024 are as follows: Group 2025 RM’000 2024 RM’000 Restated (Loss)/profit before tax and zakat (359,095) 91,736 Less: Zakat (32) (1,317) (359,127) 90,419 Taxation at Malaysian statutory tax rate of 24% (2024: 24%) (86,190) 21,701 Tax effect on share of profit of associates (2,686) (2,399) Tax effect on share of profit of a joint venture (42) (11) Income not subject to tax (152) (4,101) Non-deductible expenses 86,354 25,552 Different tax rates in other countries (3,020) (2,626) Utilisation of previously unrecognised tax losses and unabsorbed capital allowance (861) (805) Deferred tax assets not recognised during the year 61,066 11,075 Overprovision of deferred tax in prior years (1,867) (639) Under/(over) provision of income tax expense in prior years 1,159 (2,478) Income tax expense recognised in statement of comprehensive income 53,761 45,269 The above reconciliation is prepared by aggregating separate reconciliations for each national jurisdiction. Company 2025 RM’000 2024 RM’000 (Loss)/profit before tax and zakat (368,948) 64,550 Taxation at Malaysian statutory tax rate of 24% (2024: 24%) (88,548) 15,492 Non-deductible expenses 91,992 7,663 Foreign income not subject to tax - (6,355) Income not subject to tax - (19,624) Deferred tax assets not recognised during the year 1,323 2,824 Under/(over) provision of income tax expense in prior years 2 (135) Income tax expense/(credit) recognised in statement of comprehensive income 4,769 (135)
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